Lument Finance Trust (NYSE:LFT) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Lument Finance Trust, Inc. (NYSE:LFT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.53 and traded as high as $2.75. Lument Finance Trust shares last traded at $2.75, with a volume of 174,717 shares.

Analyst Upgrades and Downgrades

Separately, Raymond James cut shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, September 19th.

Lument Finance Trust Stock Performance

The stock has a market capitalization of $143.80 million, a PE ratio of 7.64 and a beta of 1.08. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. The firm has a 50 day moving average of $2.56 and a 200-day moving average of $2.53.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The business had revenue of $28.93 million during the quarter, compared to analyst estimates of $9.06 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Research analysts forecast that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current year.

Lument Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 13.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio is currently 88.89%.

Institutional Trading of Lument Finance Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in Lument Finance Trust in the 2nd quarter worth about $55,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Lument Finance Trust during the 2nd quarter valued at about $27,000. Sei Investments Co. bought a new stake in shares of Lument Finance Trust in the 2nd quarter valued at approximately $54,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Lument Finance Trust by 72.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after buying an additional 11,001 shares during the last quarter. Finally, Glenmede Trust Co. NA bought a new position in Lument Finance Trust during the third quarter valued at approximately $85,000. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

About Lument Finance Trust

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.